<ARTICLE> 5
<CIK> 0001022344
<NAME> SIMON PROPERTY GROUP, L.P.
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                         DEC-31-1998
<PERIOD-END>                              DEC-31-1998
<CASH>                                        124,466
<SECURITIES>                                        0         
<RECEIVABLES>                                 231,817
<ALLOWANCES>                                   14,476
<INVENTORY>                                         0
<CURRENT-ASSETS>                                    0<F1>
<PP&E>                                     11,662,860
<DEPRECIATION>                                709,114
<TOTAL-ASSETS>                             13,112,916
<CURRENT-LIABILITIES>                               0<F1>
<BONDS>                                     7,972,381
<PREFERRED-MANDATORY>                               0
<PREFERRED>                                 1,057,245
<COMMON>                                    3,550,306
<OTHER-SE>                                   (19,750)
<TOTAL-LIABILITY-AND-EQUITY>               13,112,916
<SALES>                                             0 
<TOTAL-REVENUES>                            1,400,189
<CGS>                                               0         
<TOTAL-COSTS>                                 753,581 
<OTHER-EXPENSES>                                    0
<LOSS-PROVISION>                                6,599
<INTEREST-EXPENSE>                            420,280
<INCOME-PRETAX>                               233,256
<INCOME-TAX>                                  233,256
<INCOME-CONTINUING>                           233,256
<DISCONTINUED>                                      0 
<EXTRAORDINARY>                                 7,146
<CHANGES>                                           0 
<NET-INCOME>                                  240,402
<EPS-PRIMARY>                                    1.05
<EPS-DILUTED>                                    1.05
<FN>
<F1>The SPG Operating Partnership does not report using a classified balance 
sheet.
</FN>